Cyprus Chapter on Tax Disputes and Litigation

The Law Reviews released the 10th edition of “The Tax Disputes and Litigation Review”. Cyprus Chapter as authored by Kyriacos Scordis the managing partner, Penelope Papapetrou, partner, Costas Michail, tax director and Phoebe Papageorgi, associate, appears in the Law Reviews expounding on the tax dispute and litigation in Cyprus.

In brief, the Cyprus chapter lays down the compliance reporting obligations, tax investigations and disputes with the Cyprus Tax Agency, the role of negotiations to reach settlement and recourse to the Tax Tribunal and/or the Administrative Court if negotiations with the Cyprus Tax Agency breaks down.

It also provides for areas of focus, while it posits that the advance tax rulings may be employed as mediums to obtain certainty and avoid future disputes.

The function and recourse to the Tax Tribunal & Administrative Court is elaborated.

Finally the Cyprus Chapter briefly unlocks the array of anti avoidance Law provisions embodied in the Cyprus Tax Laws.

You can download it here